FX.co ★ India Manufacturing Growth Confirmed at 14-Month Peak

The HSBC India Manufacturing PMI recorded 58.4 in June 2025, aligning with preliminary estimates and marking the highest level since April 2024. Production and purchasing activity experienced their most significant uptick in 14 months, while new orders surged at their fastest pace in nearly a year, fueled by effective marketing strategies and a notable increase in exports. International demand accelerated significantly, achieving the third-highest growth rate since data compilation began in March 2005, partly driven by substantial orders from the United States. Employment expanded at an unprecedented pace, reflecting heightened business confidence. In terms of costs, input price inflation moderated to a four-month low, despite rising iron and steel prices. Nonetheless, selling prices increased considerably as numerous firms transferred additional expenses to customers. Concurrently, average lead times decreased at their quickest rate in five months. Looking forward, business sentiment remained positive, though it was moderated by concerns regarding intensifying competition, inflation, and evolving consumer preferences.